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Oh happy days! Spyns Tour de France clients are clearly going to get more bang for the buck come July. More on that in a moment. And Lance Armstrong's 2010 Tour de France bid shows some teeth with Lance winning a friendly time trial against professional triathlete Chris Lieto. Lance will clearly be in fighting form for Spyns 2010 Tour de France tours (July 20-26, 2010).
I never believed in a Lance victory in 2009. In fact, I was worried that French Anti-Doping authorities would ban Armstrong from competing in the Tour de France. Spyns former clients may recall that Lance made the mistake of taking a shower before a urine test. This was incredibly stupid. Then he broke his collar bone. With over 100 clients signed up with Spyns in 2009, I was getting a lot of grey hairs. But Lance raced and placed a respectable third. As a confirmed Lance watcher, I didn't feel as though his heart was in it. This year feels quite different and I fully expect to see Armstrong win the 2010 Tour de France.
In addition to a Lance win, the US dollar is strengthening against the euro. Spyns clients should be cautiously optimistic at the euro's continued decline. The 27-nation currency recently touched a 9-month low of $1.35. While the media continues to squawk about Greece, the general public is slowly waking up to crushing debts their governments incurred as part of the 2008-2009 stimulus. G7 finance ministers are terrified.
From Greek Salad to Fish and Chips, sovereign debt worries clearly aren't confined to troubled Greece. To no one's surprise, the British government announced an embarrasing 12.8% annual deficit. This is the highest deficit in the eurozone and yes, even higher than Greece. This is disastrous news for Gordon Brown's Labour government as they face a spring election.
European reaction in the coming weeks and months will underscore the two-track approach to "core" members (like the UK, France, and Germany) and periperhal members (like Greece, Spain and Portugal). It's unlikely there will be an emergency meeting in Brussels about Great Britain's monstrous debt or France's creative accounting. This is wrong. Unlike Greece, neither France nor the UK plans to cut spending until 2012. They're simply deferring disaster in my opinion.
The Euro has recently dipped below $1.35 for the first time in nine months. This isn't a crisis. The media loves a crisis while markets want stability and growth. Blaming speculators is a convenient political manipulation of pure government financial mismangement. In fact, the Euro has been hovering at this level for the past five years so the anomaly wasn't the recent drop but an overvalued Euro. We're experiencing more of a soft landing as global markets realize the Euro isn't the Deutschmark (backed by a sound German economy), but also a drachma, franc, and lira.
At some point in time, European governments will have to stop borrowing and drastically curb spending. They won't until it truly becomes a crisis. But Spyns 2010 Tour de France clients can delight at the falling Euro. Every tick lower means another glass of fine French wine come July!
For more information about our company or Spyns Tour de France 2010 tours, please visit http://www.tdf-tours.com/, http://www.spyns.com/ or call us toll-free at 1.888.825.4720 or email info@tdf-tours.com.
